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With so much controversy surrounding financial reporting for public companies during the past decade or so, it's no surprise that a new global standard for the preparation of financial statements is emerging. The International Financial Reporting Standards (IFRS) have been developed by the International Accounting Standards Board (IASB) in an attempt to give greater transparency to investors in public companies. As well, IFRS enables making an apples-to-apples comparison of companies, regardless of the geographic location of the parent or subsidiary companies. |
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Innovations in CMMS and EAM are making life easier for the plant maintenance department Sheila Kennedy, contributing editor, says CMMS and EAM are expanding their offerings.
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Vendors are taking steps to leverage trends and technologies in their ongoing quest to improve and simplify asset management processes. New technologies deepen the ability to manage assets effectively.
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